Savings Vs Investment

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.

One of the biggest questions at the back of my head. Savings or Investment? Concentrating on SAVING rather than minute details of investing, you are stacking the odds in your favor while also freeing up time for the real deal – maximizing your fun in a cash-efficient way.

You may lose some or all of the money you invest. You can earn interest by putting money in a savings account, but savings accounts generally earn a lower return than investments. Investments have the potential for higher return than a regular savings account. Your investments may appreciate (go up in value) over time. Remember: the greater the risk of an investment, the higher potential return or loss of your money.

If you are looking at 5-7k, its better to just put in savings. The returns on fixed deposit may be low, but the returns from investment with just 5-7k is not much higher too and its not worth the risk. I would recommend the Singapore Savings Bond.

saving is putting your money aside, typically into a bank account. You generally save for a particular goal, like paying for a car, a deposit on a house or any emergencies that might came up while investing is using some of your money with the aim of making it grow, by assets that might increase in value such as stocks property or shares in a mutual fund.